r.  ■" 


f House  Bill,  No.  231.] 

HOUSE  OF  HEPRESE:^7TATIVES,  November  26, 1864.— Real 

first  and  second  times,  m;^dc  spftoi.i.l  order,  and  ordered  to  be  printed. 

[By  Mr.  Lvon,  from  Committee  on  Ways  and  Means.] 


A.   BILL 

To  be  entitled    «*  An  Act   to  exempt  from    taxation   loans   made  on 
hypothecation  of  non-taxable  bonds. 

1  Section  1.   The  Congress  of  the  Confederate  States  of  America  do 

2  enact,  That  henceforth'no  tax  shall  be  assessed  upon  either  the 

3  principal  or  the  interest  of  loans  made  to  the  Confederate  States, 

4  upon  the  hypothecation  of  bonds  of  the  said  States,  whereof  the 

5  principal  and  interest  are  exempted  from  taxation. 

1         Sec.  2.  This  act  shall  be  in  force  from  the  passing  thereof. 


